Tagged: united kingdom

December 8, 2020 @ 3:23 pm By Samantha Hurst  |  

  HumanForest, a UK-based electric city bike company, has successfully secured its initial £1.2 million funding target through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month and has attracted near 450 Crowdcube investors. As previously reported, HumanForest partners with companies… Read More

December 8, 2020 @ 12:56 pm By JD Alois  |  

gohenry, a money app designed to build positive financial habits for kids, has raised $40 million in funding led by Edison Partners and with the participation of Gaia Capital Partners, Citi Ventures, and Muse Capital. The valuation of the Fintech was not revealed. Simultaneously, gohenry… Read More

December 8, 2020 @ 11:37 am By JD Alois  |  

  The Digital Finance Forum has rebranded as Fintech Founders, according to a note from the group. Founded and Chaired by LendInvest founder Christian Faes, the name change is said to indicate the group’s wider, scaled-up ambitions to become a network of influence and authority… Read More

December 8, 2020 @ 7:41 am By Omar Faridi  |  

A new study has found that SMEs are now using Open Banking solutions a lot more frequently than before the pandemic began. Approximately half of the SMEs that took part in a recent survey claim they’re now using Open Banking services providers, according to research… Read More

December 7, 2020 @ 10:29 pm By Omar Faridi  |  

Fintech Connect recently published the findings of a survey involving over 100 financial technology professionals. The survey reveals the sector’s Fintech-related predictions for next year. Most professionals (61%) expect digital payments to experience the most growth compared to all other Fintech industry segments. Almost half… Read More

December 7, 2020 @ 3:37 pm By JD Alois  |  

Online lender Funding Circle (LSE:FCH) has apparently sold 300 individual loans to Azzurro Associates, a subsidiary of  Elliott Management, a US-based fund manager with approximately $41 billion in assets. The sale of these loans may garner additional regulatory scrutiny as they include personal guarantees from… Read More

December 7, 2020 @ 11:39 am By JD Alois  |  

Railsbank, a Banking-as-a-Service (BaaS) platform, has announced the launch of two new products, the Houston platform and OpenRailz API. Houston is Railsbank’s new User Interface layer on top of the Railsbank open finance Operating System (ROS). The no-code platform is expected to transform the building,… Read More

December 6, 2020 @ 10:38 pm By Samantha Hurst  |  

  Fnatic, a UK-based esport brand, is set to close its equity crowdfunding campaign on Crowdcube with more than £1.6 million raised. The funding round, which has attracted nearly 3600 Crowdcube investors, originally sought to raise £1 million.  As previously reported, Fnatic claims that it… Read More

December 6, 2020 @ 10:30 pm By Samantha Hurst  |  

  Just a little over a year after raising £690,453 through its previous Seedrs campaign, UK property crowdfunding platform Assetz Exchange has returned to the investment platform and has already surpassed its initial £250,000 funding target. As previously reported, Assetz Exchange describes itself to be… Read More

December 4, 2020 @ 5:05 pm By Omar Faridi  |  

Lee Birkett, founder of UK-based peer-to-peer (P2P) lender JustUs, has noted that he doesn’t think demand for his platform’s Small Business Interruption Loan Service (SBILS) will increase to greater levels until the UK government support schemes have ended. JustUs had introduced SBILS to offer financing… Read More

December 4, 2020 @ 11:49 am By JD Alois  |  

Revolut Business is challenging established payment platforms with its new feature that enables business accounts to accept payments that are deposited directly into their accounts. Yesterday, Stripe announced a service to provide digital banking to its customers. Today, Revolut is challenging Stripe and others by… Read More

December 4, 2020 @ 8:34 am By Samantha Hurst  |  

Pockit, a UK-based all-in-one financial membership, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2014, Pockit offers its 500,000 registered users access to a current account they can open in minutes. With a Pockit contactless prepaid Mastercard,… Read More

December 4, 2020 @ 7:29 am By Omar Faridi  |  

John Goodall, CEO at Landbay, a UK-based digital buy-to-let finance platform, has noted that the property market may have benefited from the stamp duty holiday. Goodall, an Imperial College London and Durham University graduate, says that he won’t be too surprised if the tax break… Read More

December 3, 2020 @ 9:14 pm By Omar Faridi  |  

Yolt, a money management app, will now allow its debit card-holding customers to make payments through Apple Pay. The integration will let Yolt’s users complete digital payments via their iPhones or Apple Watches, instead of having to settle transactions with cash or their physical cards…. Read More

December 3, 2020 @ 9:36 am By JD Alois  |  

Pockit, a digital banking app designed to cater to the underbanked masses, has announced a new partnership with Railsbank while simultaneously announcing a £15 million Series B funding paired with an offering on Crowdcube. The Crowdcube securities offer is for £500,000 Future Fund convertible note… Read More

December 3, 2020 @ 9:23 am By Samantha Hurst  |  

  Digital payments company Payoneer announced on Thursday it has joined forces with TrueLayer to launch its open banking service for customers in the UK and Europe. Payoneer reported that its customers in these regions will now benefit from lower fees, faster payments and increased… Read More

December 3, 2020 @ 8:47 am By JD Alois  |  

Updraft, described as an app that is part lending, part credit report, and part financial planning, has raised £16 million in funding. The new capital is in the form of both equity and debt. Updraft did not disclose the split between the two. Quilam Capital… Read More

December 3, 2020 @ 8:04 am By Samantha Hurst  |  

  Digital bank Starling Bank announced on Thursday it has welcomed Nutmeg, a UK-based digital wealth manager, to its Marketplace.  Starling reported that the new service will help its personal and sole tracker consumers connect their banking to their investment accounts and pensions. “Starling customers with… Read More

December 2, 2020 @ 2:43 pm By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £1.6 million raised. The funding round, which has attracted more than 1380 Seedrs investors, quickly surpassed its initial £1 million funding target. As previously reported, Laka has developed… Read More

December 2, 2020 @ 12:54 pm By Samantha Hurst  |  

UK fintech Dot Investing recently announced the launch of its new digital investment platform. According to Dot Investing, the platform allows individual investors to invest in top private and alternative asset funds, including private equity, VC and hedge funds. “Users are able to invest from £100,000… Read More